PLANET LABS PBC (PL) Stock Technical Analysis
NYSE:PL - US72703X1063 - Common Stock
6.8 USD
+0.32 (+4.94%)
6.77 USD
-0.03 (-0.44%)
We assign a technical rating of 10 out of 10 to PL. Both in the recent history as in the last year, PL has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, PL did better than 97% of all other stocks. We also observe that the gains produced by PL over the past year are nicely spread over this period.
PL is one of the better performing stocks in the Professional Services industry, it outperforms 98% of 81 stocks in the same industry.
PL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PL is lagging the market slightly.
PL has an average volume of 8883800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PL has a been trading in the 5.87 - 7.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.86. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.08
7.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.48 to 6.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.14 to 6.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.86 to 7.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PL is neutral. |
| ChartMill Relative Strength | 97.42 | POSITIVE | PL has a high relative strength, it outperformed 97.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.33 | NEUTRAL | The RSI value for PL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.8 | NEUTRAL | The Stochastics value for PL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for PL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.11 | POSITIVE | The high ADX value value for PL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.05 | 6.47 | 0.58 (8.23%) | 12.16% |
| An entry @7.05. This is a Buy Stop order right above the resistance zone. | An exit @6.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.58 points, which is 8.23%. | For a 1.00% total portfolio risk, you can invest 12.16% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
6.8
+0.32 (+4.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg4.94%
1 Week0.29%
2 Weeks6.25%
1 Month2.26%
3 Month84.78%
6 Month36.82%
12 Month148.17%
2 Year109.23%
3 Year24.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.2%
ATR Inc-15.78%
Range Today0.47
ADR(20)0.35
ADR(20)%5.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.42
Mansfield4.92
10 Day High7.03
10 Day Low6.1
20 Day High7.03
20 Day Low5.87
52 Week High7.72
52 Week Low1.76
CS1 End6.52
CR1 Start6.86
Volume & EV
DER(3)5.99%
DER(5)2.03%
Volume5.22M
Volume Incr-15.33%
Vol(5)5.01M
Vol(50)8.88M